SMSSMS STRATEGIC MANAGEMENT NEWSLETTER SOCIETY cONGRaTULaTIONS TO THE 2010 cONFERENcE aWaRD WINNERS SUMMER 2011 year. PhD candidates are invited to submit a full paper version of TABLE OF CONTENTS their submitted proposal for consideration by the review committee. These are studied before the conference and 10 finalists are named prior to the conference. This year there were 178 proposals eligible One of the winners of the SMSThoughts Phd Best Paper Prize, from Marko the Coh with SMS President 1 Joan E. Ricart and Tomi Laamanen. for this award, with a total of 60 full papers uploaded for review by the selection committee. This year’s selection committee was Organizing for Adaptation:SMS Innovative News Capabilities, Combinative 2 co-chaired by Tomi Laamanen and Pamela Barr. Potential, Coordination Costs,Emerging and Boundary Scholar Choices 3 Winners Konstantinos Grigoriou, Georgia Institute of Technology Frank T. Rothaermel, Georgia Institute of Technology GLOBALIn Harsh –and Slack Times: How Does Firm Performance Affect Strategy Research Foundation 6 the Intensity and the Direction of External Technology Sourcing Technology Acquisition and Knowledge Integration STRATEGYThomas Klueter, University of Pennsylvania Seungho Choi, Michigan StateJournal University Updates 7 Felipe Monteiro, University of Pennsylvania Gerry McNamara, Michigan State University SMS Fellows 9 On the Role of Causal Knowledge In Organizational Learning Uncovering the Process of Executive Mobility Natalia Vuori, Aalto University Marko Coh, London BusinessRio School Conference Wrap-Up 11 Did you miss the Rio Conference? Find out all the SMS caLL FOR NOMINaTIONS exciting program highlights. EMERGING CK Prahalad Conference Wrap-Up 12 The SMS is inviting nominations for the 2011 SMS Emerging Nomination of a candidateReflecting requires: on and moving forward with the work Scholar Award which is generously funded by the Strategy • a letter of nomination ofby CKanother Prahalad. member of the SMS, who SCHOLAR Research Foundation. This significant annual prize is awarded must not be a member of the same organization/institution as AWARD to a young, emerging scholar for exemplary scholarship, as the nominee; Miami Conference 13 demonstrated in research, education, professional service, • two additional letters of recommendation for the nominee; SMS 32nd ANNUAL The SMS 2011 Annual International Conference INTERNATIONAL CONFERENCE and all related activities that seek to improve current strategic • a full current vitae from the nominated individual, including is only three months away; learn about all that management knowledge and application. any current working papers. GLOBAL Miami has to offer. PRAGUE A successful candidate will possess the potential to make fundamental Nominations for the 2011 award should be send to the SMS OctoberSTRATEGY 7–9, 2012 contributions to the way the field thinks about knowledge essential Executive Office and will be accepted until April 30, 2011. The selection will be made and Singaporeannounced in early Conference July 2011. 17 to any organization’s achievement of durable success. Especially The first of two special conferences in 2012, Singapore important will be knowledge contributions that complement and The recipient of the SMSpromises Emerging to Scholar be a stimulating Award will: and inspiring event. extend existing strategic management theory, including those based • have the opportunity to present his/her research in a prominent SMS SPECIAL CONFERENCE on ideasLinking from other disciplines Thoughtful and other fields of inquiry Practice that intersect setting at the SMS Annual International Conference; PREvIOuS RECIPIENTS Prague Conference 18 with strategic management theory and practice. • receive a prize of US$ 5,000; June 7–9, 2012 Mark your calendars, the SMS 32nd Annual International with Insightful Scholarship• be appropriately recognized in the SMS journals. 2010 yan Anthea zhang To be considered, a candidate: Conference will be in Prague in 2012! • should be under the age of 40, with at least five years of post- The selection committee is comprised of two members of the 2009 Michael Lenox terminal degree award experience; SMS Executive Committee, two additional members of the SMS Board of Directors, and oneChina additional Conference expert chosen from the 19 2008 Riitta Katila • have a record of publication and professional activity that SMS membership at large. JustFor more announced, information the about second this specialaward, conference in 2012 scholars | business practitioners | consultants research networking summer 2011 scholars | business practitioners demonstrates work of significance and impact; 2007 Jeffrey Reuer will take place in Guangzhou, China in December! • be a member of the Strategic Management Society in good please visit www.strategicmanagement.net and click on awards and honors. GLOBALstanding. SMS Board and IG Leadership 20 STRATEGY JOURNAL WINTER 2011 | 5 singapore THOUGHTS FROM THE SMS PRESIDENT

Many of us can remember our first Strategic Management Society The Board considers this diversity a good thing. We do not pretend meeting. For me, it was Toronto, in 1991. I still remember the energy to know every kind of special conference SMS should sponsor. I felt—a meeting that combined the best of strategic management Indeed, we look forward to working with our membership to research with a taste for thoughtful practice. More than just a challenge our thinking about what a special conference can be. place to meet good friends, the annual meeting was a place I was exposed to both fully formed thinking and cutting-edge ideas that That said, the Board does believe our special conference program might influence the field for years to come. Not surprisingly, this has should have some features. We are working toward holding the proven to be a potent mix and the annual meeting has continued to annual conference and special conference(s) on different continents President grow—in Rome (2010) we attracted more than 1,000 participants, each year. For example, if our annual conference is in North America, Jay Barney and nearly as many are expected in Miami. we would prefer to offer a special conference in Europe or Asia. Ohio State University Our experience also tells us that the best time to organize special Some members are concerned that the growth of the annual conferences is March, April, June, or early December. The size of conference might reduce the quality of the meeting. Practically these conferences can vary, but we have found that conferences speaking, as we get larger, it becomes more difficult to find venues with less than 150 people struggle to break even financially unless that meet our multiple criteria—an intriguing city, a hotel that can they receive outside sponsorship. Most importantly, those looking serve the housing needs of the entire conference, meal venues large to organize such conferences need to put together a clear plan enough for us all to gather together, and so forth. Substantively, with a strong organizing team that has received commitments from if the annual conference grows too large, do we run the risk of supporting institutions—including universities, consulting firms, or splintering into divisions—each subgroup talking only among other interested groups—to insure that the proposed conferences themselves and not with others? are consistent with the SMS’s objectives and are likely to address our members’ needs. With this in mind, the Board of the Strategic Management Society recently agreed that we should try to limit the size of the annual Over the next several months, a special Board of Directors’ task meeting to about 1,000 participants. Obviously, this is a guideline, force will be drafting guidelines for developing special conference not a hard and fast rule. And to the extent that we need to manage proposals. Our goal is to have these available online before the end the number of people attending the meeting, this will be done by of 2011. These guidelines will also describe the process by which adjusting paper acceptance rates. However, in previous years, one special conference proposals will be evaluated. measure of our success as a society was growth in attendance at our annual meeting; this will no longer be the case. The Board is very excited about the promise of our special conference initiative and looks forward to working with our This decision, of course, creates a challenge: how can the SMS members to help execute this strategy. provide venues for increasing numbers of members interested in being part of the SMS conversation if we don’t continue to grow the annual meeting? One answer is special conferences. Special conferences used to be a somewhat ad hoc activity of the Society, but now they are becoming a central feature of the SMS’s strategy. Jay Barney

Special conferences can vary along many dimensions. Some—for example, Finland in 2010—were sponsored by Interest Groups. Others—such as Shanghai in 2007, India in 2008, and Rio in 2011—responded to the growing international interests of strategic management scholars and practitioners. Still others—San Diego in 2011, for example—have honored the work of individual scholars.

SMS NEWSLETTER | 1 THOUGHTS FROM THE SMS PRESIDENT sms news

SMS annual report 2010 sms ELECTIONS

Our inaugural SMS Annual Report 2010 was mailed to all SMS ELECTIONS TO BE HELD IN NOVEMBER SMS members earlier this year. We are pleased with the

SMS NEwS positive response we’ve received regarding this report and Due to the recent revision of the SMS bylaws, Board and IG elections will now be held following the annual meeting THE NEw STakEHOlDERencourage STRaTEGy INTEREST GROUP you to contact our office if you are interested in • Under what conditions might stakeholder-oriented firms • How do individuals and teams learn how to integrate outcompete traditional, shareholder-oriented ones? principles of responsibility and of social, environmental, • What are the strategic alternatives to coordinate the and economic sustainability in their firms’ operating and expectations and perceptions of a plurality of stakeholders strategic processes? in the fourth quarter of each year. The bylaw changes also to enhance their benefit while simultaneouslyreceiving creating firm • How do individuals and their additional shared values, emotions, and copies. You can also access an online value? How should top management teams think about cognitions influence firms’ stakeholder orientation and developing, selecting, and implementing them? engagement strategies, sustainability-oriented change • What factors might explain the varying ability of processes and, ultimately, the firm’s economic, social, and management teams to fruitfully engage their firms’ environmental performance? included an expansion of the Board from 11 members to stakeholders to everyone’s advantage and to change their firms’ strategies, operations, and culturesversion to achieve by clicking here. If you are interested in joining this IG, please contact economic, social, and environmental sustainability? the SMS office. 14. To achieve this

Stakeholder Strategy Strategic Human Capital Corporate Strategy & Governance expansion, there will Entrepreneurship & Strategy Knowledge & Innovation

Strategic Management Society Interest Groups Competitive Strategy Practice of Strategy be no outgoing Board Strategy Process Global Strategy members this year,

For more information on the new ent Society Stakeholder Strategy Interest Group, M TWOplease visit OF strategicmanagement.net. THE MOST IMPORTANT

TOPICS ARE MARKETSg e AND CBK however, there will A n A SUMMER 2010 | 13 be three individuals

Body of Knowledge is defined* • By interviews (CFA)

• By academics in the field t e g i c M • By the industry (CPA and Actuaries) 2008 2009 2011 2012 2013 2014 2015 2016 2017 2018 2019 elected and added RA <2010> Target market is defined* • Requirement for certain jobs/roles Core • Desirable for certain jobs/roles market • Self-selected Annual Report to the Board.

*Market and Knowledge are interdependent t h e S t

R vote THE COMMON BODY OF KNOWLEDGE “TREE” (Domain categories for discussion purposes only.) t f o The nominating R

CORPORATE STRATEGY ENTREPRENEURSHIP AND GOVERNANCE AND STRATEGY committees for

STRATEGIC l R e p o KNOWLEDGE HUMAN CAPITAL A AND INNOVATION Linking Thoughtful Practice with Insightful Scholarship STRATEGY COMPETITIVE the IGs and the Board are currently working on slates of PROCESS STRATEGY GLOBAL PRACTICE STRATEGY OF STRATEGY COMMON candidates, and look forward to presenting the membership BODY OF

2010KNOWLEDGE > Annu

Core Body of Knowledge required of all strategy professionals Advanced certificates offered in both content and process specializations with a diverse group for the elections later this year.

EMERGING

sms india research initiative new teaching community sms executive office

We are excited about the plans for the development of the STAFF CHANGES Teaching Community, a new type of grouping within the SMS. The creation of the Teaching Community would formalize With the increasing level of SMS activities, the organization is the teaching initiative, which was started by the SMS some adding one office position to keep up. We also had to replace 5 years ago. The design of this new grouping cuts across Kat Frerichs, who left the office team after three years with the existing Interest Groups and will not compete with the SMS. Our new staff members, Sasha Doyle-Weiss and Anna current IGs for members. Its work will focus on providing Shires, are looking forward to meeting you at the Annual a forum for members who teach strategy and want to Conference in Miami! strengthen their classroom effectiveness. A first proposal for this Community was reviewed by the Board at the Summer 2011 meeting and is currently deliberated with the leaders of the Interest Groups. Please continue to check the SMS website for updates!

summer 2011 | 2 sms emerging scholar award about the annual prize

Inaugurated in 2007, the prize is awarded annually to a relatively young or new scholar, who displays exemplary scholarship as demonstrated in research, education, and related academic activities that seek to improve current strategic management practice. The criteria for this award recognizes a portfolio of work that suggests the candidate will make fundamental contributions to the way we think about knowledge essential to achieving durable organizational success. Eligible to be nominated are members of the SMS. The likely winner of the award will be under the age of 40 and with at least 5 years since his/her PhD, and have a record of publication and professional activity that has demonstrated their work to be significant and with impact. The recipient of the SMS Emerging Scholar Award will be recognized at the SMS Annual International Conference and receives US$5,000. He/she has the opportunity to present his research in a prominent setting at the SMS Annual International Conference and is recognized in the SMS journals. Nominations are accepted throughout the year. The deadline for this award is April 30th of each year.

David G. Sirmon is currently the Pamela M. & Barent W. Cater ’77 Faculty Research Fellow and Associate Professor of Management at the Mays School of Business, Texas A&M University. He received his Ph.D. in Entrepreneurship and Strategy from Arizona State University in 2004. Building from the resource-based view, his research explores the role of managers in realizing competitive advantage and wealth creation. Additional research interests include strategic entrepreneurship as well as firm governance focusing on family business and boards of directors. Since earning his Ph.D. (seven years), he has published 19 journal articles, including David Sirmon eight articles in consensus top journals such as the Strategic Management Journal (SMJ – 5), the Academy of Management Review (AMR - 2), and the Academy of Management Journal SMS (AMJ). Furthermore, he has a number of publications in other top outlets including the Journal EMERGING of Management (JoM - 2), the Journal of International Business Studies (JIBS), Strategic SCHOLAR Entrepreneurship Journal (SEJ), Journal of Management Studies, Organizational Research 2011 Methods and Entrepreneurship: Theory & Practice (ET&P - 3).

SMS NEWSLETTER | 3 a conversation with david sirmon SMS Emerging Scholar Award Recipient

David Sirmon is the winner of the 2011 SMS Emerging Scholar Award. The following interview was conducted by Previous Recipients Robert Hoskisson, Rice University

Yan Anthea Zhang (2010)

Michael Lenox (2009) Hoskisson: I see that your research interests overlap strategy and total my resource orchestration work is enriching, extending and Riitta Katila (2008) entrepreneurship, how did you become interested in these areas contributing to resource-based logic, dynamic capabilities, and and their intersection? competitive dynamics literatures. Jeff Reuer (2007) Sirmon: My family provided me a learning laboratory of sorts Additionally, my work on governance, which focuses on board in my youth. My Dad was the CEO of a bank that he led from of directors and family businesses, has contributed to our relative obscurity to become a large regional commercial bank. understanding of the internal processes of boards and sources I was in a unique position to observe his behavior and that of of unique advantage in families firms. Lastly, another series of other executives. I was fascinated by his colorful stories detailing papers has helped define the area and construct of strategic decisions regarding resource allocations, acquisitions, board entrepreneurship, which focuses squarely on the integration of interactions, and the political turmoil surrounding such decisions. advantage and opportunity seeking behaviors. We are likely to see I also watched as my two oldest brothers started, grew and significant growth in this area with the introduction of SMJ’s sister eventually disbanded a very profitable family firm. Without a publication Strategic Entrepreneurship Journal. doubt these two experiences provided the primary motivation for So, in total, by exploring specific contingencies related to resource my research interests. But it really wasn’t until I was immersed in orchestration, firm governance and strategic entrepreneurship, my Ph.D. studies that these experiences and interests transformed I aspire to have my research produce greater insight into the into a research program. With excellent mentorship, I was able to fashion programmatic research on resource orchestration, boards, managerial “levers” by which competitive advantage and wealth family firms, and strategic entrepreneurship. creation are influenced. Although resources matter, managers, entrepreneurs, families, and directors have significant and unique Hoskisson: Interesting. As you reflect on your research program, influences on their firms’ outcomes. explain the contributions that you see. Hoskisson: The research productivity of your early career is Sirmon: While unique contributions are present in each paper, impressive – publishing 19 articles with most of them being I am beginning to enjoy seeing how my work is forming a more placed in highly respected journals. I am sure PhD students and complete whole. For instance, the resource-based view (RBV), one junior scholars involved in the SMS would be interested in hearing of the most prominent theories within strategic management, any insights you might have in achieving such productivity. has mounting evidence to support its core logic. However critics as well as a meta-analysis identified a limitation – that is the Sirmon: Well, first, thank you very much. I have been blessed to theory has largely ignored the role managers’ play in obtaining work with great co-authors as well as very tough yet fair-minded and using firm resources. To address this issue, my colleagues and reviewers and developmental editors. All of these people play a key I developed a general model positing the necessary managerial role in anyone’s research endeavors. Now, I remember reading the actions needed to realize a resource-based competitive advantage previous emerging scholars’ advice, like focusing on programmatic – something that we call resource orchestration. In a series of work, developing/identifying novel datasets, examine trends articles we address these actions, their internal configuration, as in managerial practice, and developing effective collaborative well as role of environmental and governance contingencies. This relationships. To these excellent suggestions, I would add just two. treatment draws upon but goes beyond dynamic capabilities. In First, I would encourage new scholars to accept critical comments

summer 2011 | 4 a conversation with david sirmon (cont.)

and to deliberately learn from them. My initial reaction to critical Thus we should theoretically understand their direct and integrated comments is to accept ownership. That is, I try to avoid thinking role in firm advantage. We found that for some firms combining about how the referee is wrong or failed to understand my logic, weaknesses with strength can positively affect performance, but but instead look to see how they are right and how their perspective there is greater risk. This begs the question of how managers can SMS can enhance the paper. I find it much more effective to revise my leverage weaknesses along with strengths to improve performance. papers in a proactive manner when I envision a critical yet productive Maybe it depends on how managers link strengths and weaknesses, EMERGING conversation occurring between myself and the referees. My explicit that is the types of interdependencies within the firm may influence goal is to craft the best manuscript possible and the referees’ input how and when weaknesses matter. Second, I would like to continue SCHOLAR always helps me reach that goal. Second, to use athletic imagery, I to my governance program focused on boards of directors and AWARD would strongly advise new scholars to “keep running until the finish family firms. I am very interested in exploring how combinations of line.” I see or hear of people that simply succumb to fatigue near family and other owners (types of institutional owner for example) the end of a manuscript, a response letter or what have you and in affect firm behavior. Finally, one of the most enjoyable aspects of any competitive context this is the kiss of death. Think of all the time research is learning, so I suspect that I will expand my research you have spent to get that point – conceptualization, writing, data program as students and colleagues and I engage in stimulating collection, analysis, peer review, revision etc. Do not give up near the conversations about new phenomena and theories. end, instead run hard through the finish line. It is my opinion that this one behavior explains a significant amount of variance between scholars’ research productivity. Hoskisson: We have addressed the work you have done and some insights into how you conduct your research, so let me turn your attention to the future. What future research questions pique your interest and might lead to additional value added contributions? Sirmon: While the primary logic of resource-based theory is maturing, I thinking significant opportunities to expand and enrich this broad stream remain. Thus, I expect to continue my focus of examining managers’ role in developing resource-based advantages. However, moving forward may be accelerated by re-reviewing the past literature and picking up ideas that have been waiting for their time in the sun. For example, in my 2010 SMJ we examined For more information on the 2011 resources portfolios which included weaknesses. While weaknesses Emerging Scholar, please see the newsbox were defined in early RBV work, they were largely overlooked as at strategicmanagement.net. the core logic was tested. However, they are part of most all firms.

SMS NEWSLETTER | 5 srf research grants programs

Jeff Reuer—The review process for the first cycle of the Strategic Research Foundation Research Grants Programs is now underway. This year, the SRF launched two research grants programs to support its objectives of facilitating research that would not be otherwise undertaken and that solves the practical, contemporary problems facing managers (please visit the SRF’s Web site at srf. strategicmanagement.net for additional details on the Foundation’s vision and activities). These grants are made possible by funds generated from the field’s research over the years. The General Research Program is intended for researchers submitting proposals related to one of five technical themes, which the Foundation has set as priority funding areas to meet its objectives. These themes and the associated directors are as follows: (1) Value Chief Grants Officer Creation through Collaborative Public-Private Interaction (Frank Rothaermel, Georgia Tech); (2) The Strategy Process and Analytics (Africa Jeff Reuer Ariño, IESE); (3) Strategic Management Research and Poverty Alleviation (Anita McGahan, University of Toronto); (4) Firm Risk, Growth, and Purdue University Survival in the Face of Rapid Environmental Change (Michael Lenox, University of Virginia); and (5) Strategic Leadership and Contemporary Financial Markets (Todd Zenger, Washington University). Researchers on up to 15 projects will be named SRF scholars and awarded financial support up to $100,000 in total. The SRF’s chief technical officer, Joseph Mahoney (University of Illinois) and a technical committee will be tweaking the themes in coming funding cycles. The Dissertation Research Program is specifically geared to doctoral students to support their dissertation research. Funding will be provided to projects that deal with the above five themes or with other major research topics that are germane to strategic management broadly defined. The directors for the Dissertation Research Program are Andrew van de Ven (University of Minnesota) and Janet Bercovitz (University of Illinois). The SRF plans to name up to five SRF dissertation scholars and award financial support up to $10,000 each. The Grants Committee is comprised of these directors as well as a number of other individuals who will evaluate research proposals and develop policies: Pamela Barr (Georgia State University), Gerard George (Imperial College), William Hesterly (University of Utah), David Hsu (University of Pennsylvania), Tomi Laamanen (Aalto University), Jiatao Li (Hong Kong University of Science and Technology), Catherine Maritan (Syracuse University), Michael Russo (University of Oregon), Belen Villalonga (Harvard University), and Bennet Zelner (Duke University). We will also use a broad set of reviewers in the field to evaluate research proposals, and we welcome volunteers for this important work. This year is important in launching the two grants programs, but it is only the beginning. If you visit the SRF Web site, you can learn more about the exciting plans of this Foundation, how the SRF can contribute to the field of strategic management, and the many ways you might get involved. We welcome your grant proposal submissions, your ideas, and your support of these initiatives.

For more information about the SRF, please visit srf.strategicmanagement.net.

summer 2011 | 6 JOURNAL UpdateS

STRATEGIC MANAGEMENT JOURNAL

Dear SMS colleagues, with respect to researcher methods and are open to papers that rely on statistical inference, qualitative studies, conceptual models, It has been a busy and productive year for your Strategic Management computational models, and various kinds of mathematical models. Journal. The Journal is growing and healthy. Dan and Mary Lou SMJ is committed to remaining open to publishing studies using any Schendel created the great institution that SMJ has become, and it is and all of these methods. The editors and the editorial board reflect our honor and privilege to be the current stewards of this outstanding the breadth and depth of skills and backgrounds needed for assessing journal. We believe SMJ is moving forward strongly in its mission of Will Mitchell papers and helping authors develop their work. Moreover, SMJ’s Duke University building the discipline of strategic management scholarship. established reputation allows us to attract highly knowledgeable ad The healthy growth of our field is evidenced in the continued hoc reviewers to further enhance our ability to develop the papers significant increases in SMJ submissions from around the world. submitted to us. Fortunately, with the assistance of an outstanding group of associate Within the broad range of work that we seek to publish, several editors, editorial board members, and ad hoc reviewers, SMJ has, key criteria for successful work stand out. First, successful papers in almost all cases, been able to provide timely, constructive, and develop ideas that engage strategic management scholars, whether open-minded reviews and decisions. Acceptances have also increased, these ideas refine, extend, or redirect existing strategic management albeit at a lower rate than submissions. We have recently adopted a scholarship. Second, successful papers focus on a small number of 40-page limit for all papers, consistent with other top management precise concepts in developing their arguments. Third, successful journals. This provides two benefits: (1) it helps avoid an unacceptably Ed Zajac papers use methods—whether large-scale data analysis, case Northwestern University long queue of ‘accepted but not yet published’ papers; and more analysis, simulations, mathematical models, logical interpretations, importantly, (2) it provides clearer and more concise writing that will and/or other approaches—that connect the core concepts directly certainly have a stronger impact on our field. with the conclusions. To summarize, successful papers ask important SMJ is now the most downloaded management journal in the focused questions about strategic management issues and provide developing world. This is due in no small part to well-received SMS significant insights into these questions in a way that engages Special Conferences in China, India, and Brazil, which highlight both strategic management scholars. the synergy between SMJ and SMS and the bright future of our An important component of engaging strategic management field. We have been receiving a substantial number of submissions scholarship is highlighting the implications for strategic from China, India, and other emerging markets for some time. The management practice. Some SMJ papers speak directly to practical obvious increase in average quality of these submissions indicates the Rich Bettis strategic issues and problems; whereas others have implications University of North Carolina– progress of strategic management scholarship in emerging markets. Chapel Hill that can be linked to other work to help strategic decision makers From time to time, we receive questions about the types of reach more robust decisions than would be possible when relying articles SMJ seeks to publish. People have asked about the mix of solely on experience and intuition. In either case, deep research of disciplines, topics, methods, and theory versus empirical work that the form SMJ publishes provides important support for strategic the journal wants to emphasize. Quite simply, SMJ’s only bias is management teachers and practitioners. to publish the highest quality research with questions, evidence, We look forward to continuing to advancing the SMJ mission, and and conclusions that are relevant to strategic management and we invite you to contact any of us with comments, questions, or engaging to strategic management scholars. We receive manuscripts suggestions for improvement. with a diverse mix of topics, framings, and methods, and our acceptances reflect this diversity. Your co-editors and colleagues, More specifically, SMJ publishes papers that develop and/or test Will, Ed, and Rich theory, highlight interesting empirical phenomena, and evaluate the many methodologies used in our field. We are also unbiased For more information on the SMJ, please visit smj.strategicmanagement.net.

SMS NEWSLETTER | 7 JOURNAL UpdateS journal updates

GLOBAL STRATEGY JOURNAL Steve Tallman and Torben Pedersen—This has been an eventful summer for Global Strategy Journal. Our first double GLOBAL issue of our first volume was published in May 2011, with STRATEGY eight articles and eight commentaries on four key themes in global strategy. As I write this, final submissions for the second issue in the launch volume are being sent to the copyeditor, so Steve Tallman issue 3-4 should be published on schedule in November. University of Richmond At the same time, the first special issue, addressing developing country multinational companies, with Alvaro Cuervo-Cazurra (Northeastern University) as guest editor, is under review. Thirty-nine articles were submitted for this special issue, suggesting that the topic, editor, and journal are receiving notice. Three additional specialGLOBAL issues have been authorized, with calls in the May and November issues. Regular submissions for ourSTRATEGY double-blind review process are arriving at a steady rate, if one that is a bit lower than we would like. We have opened discussion topics within the GSJ Forum on the SMS Web site for each of the themes in the first issue and will do so for the second issue as well. We encourage anyone with a comment about the articles in the launch volume to weigh in online. We would like to see the forums turn into a vehicle for real research conversations, and we invite your input. Torben Pedersen Copenhagen Business School For more information on the Journals, please visit GLOBAL strategicmanagement.net/pub/index.php. STRATEGY JOURNAL

Strategic Entrepreneurship Journal in the ISI

The ISI has released its inaugural ranking for the Strategic Entrepreneurship Journal (SEJ). The ISI’s retrospective review and analysis of the SEJ started from the 2007 volume and worked through the 2010 volume; it measures the impact factor of the Journal and its influence on other research in the fields of business and management. This ranking is valuable in providing an initial view of the SEJ’s place among its peers. The SEJ has been ranked 28th out of 101 in business journals and 45th out of 140 in management journals, with an impact factor of 2.026. We are proud of the SEJ’s debut ranking alongside such respected and noteworthy journals, and we believe that for a new journal to immediately jump to such a high ranking is an excellent and promising beginning. Congratulations to the current co-editors, Jay Barney and Mike Wright, the founding and consulting editors, Dan Schendel and Mike Hitt, the associate editors, the review board, ad hoc reviewers—and most of all—the authors and scholars whose time and efforts have resulted in this achievement.

summer 2011 | 8 happenings with the sms fellows

It is our pleasure to report on the current and upcoming activities of the SMS Fellows. We are looking forward to our annual meeting, which will be held in conjunction with the SMS Annual Conference in Miami. The meeting will be Tuesday, November 8; we are looking forward to seeing our colleagues at this meeting. As outlined in the Fellows Constitution, our annual election of Dean Carlos Cavalle new Fellows was held this spring. We received a worthy slate of candidates and are pleased with the results of this year’s election. We are happy to welcome Marvin Lieberman, Daniel Levinthal, and Marjorie Lyles to our ranks. These three individuals will officially be inducted as SMS Fellows at the first annual meeting they attend. Once they are inducted, they will be listed as Active Fellows on the Fellows roster. Jay Barney published a coauthored book in 2010, What I Didn’t The 54 SMS Fellows take leadership roles in the field in a variety of Learn in Business School: How Strategy Works in the Real World ways. Here are just a few highlights of their activities this year: (with Trish Gorman Clifford, Harvard Business Review Press, 2010). He is also the current SMS president. Deputy Dean Jay Barney, Robert Burgelman, Irene Duhaime, Marjorie Rita McGrath Lyles, Margaret Peteraf and Bob Hoskisson are serving as SMS Pankaj Ghemawat published a book entitled World 3.0: Board members in 2011. Global Prosperity and How to Achieve It (Harvard Business Press, Raffi Amit has continued actively pursuing his interests in family May 2011). According to The Economist, it ‘should be read by businesses and new business models with the publication of anyone who wants to understand the most important economic several new articles. Among these are ‘The business model: recent development of our time.’ Harvard Business Review and the developments and future research’ (Journal of Management 37(4): McKinsey Quarterly, among others, have carried articles based on 1019-1042, with Christoph Zott & Lorenzo Massa), ‘Family control the book. Pankaj is planning to reference the book at the opening of firms and industries’ (Financial Management 39(3): 863-904, plenary of the SMS Annual Conference in Miami. with Belén Villalonga), and ‘Business model design: an activity Vijay Govindarajan published ‘Designing a $300 house’ system perspective’ (Long Range Planning 43(2/3): 216-226, with (Harvard Business Review, Jan-Feb 2011). He also started a social Christoph Zott). media platform to design and build a $300 house for the poor Charles Baden-Fuller just recently ended his longstanding tenure (www.300house.com). There is a community of more than 2,000 as the editor of the widely read journal Long Range Planning. He individuals associated with this effort, which includes a global pulled together one of the journal’s most widely read and cited design contest resulting in six winners. The next step is to conduct a special issues on business models, featuring contributions from prototype workshop. SMS members are encouraged to join in! several of our other Fellows, including Yves Doz, Raffi Amit, Rita Ranjay Gulati published a book entitled Reorganize for Resilience Gunther McGrath, David Teece, and Ian C. MacMillan. (Harvard Business Press, 2010).

SMS NEWSLETTER | 9 new fellows in 2011

Rita Gunther McGrath has also kept busy on the publishing front, with three articles in the Harvard Business Review in 2011: ‘Learning SMS FELLOWS to live with complexity’ (with Gökçe Sargut, September 2011), ‘Failing by design’ (April 2011), and ‘When your business model is in Raffi Amit R. Duane Ireland trouble’ (January 2011). Her interest in business models has led also Kenneth Andrews* Bruce Kogut** to the 2011 publication of ‘Finding opportunities in business model H. Igor Ansoff* Daniel Levinthal** innovation’ (European Financial Review, June-July: 14-17). Charles Baden-Fuller** Marvin Lieberman** Daniel Levinthal Howard Thomas became the LKCSB Chair in Strategic Jay Barney Marjorie Lyles** Management and dean of the Lee Kong Chian School of Business Christopher Bartlett Peter Lorange at Singapore Management University and has stepped down from Richard Bettis Ian MacMillan his role as chair of AACSB International. He has also released a new Joseph Bower John McGee book, Strategic Leadership in Business Schools: Keeping One Step Edward Bowman* Rita McGrath Ahead (with Fernando Fraguiero, Cambridge University Press, 2011). Robert Burgelman Henry Mintzberg Howard was awarded an honorary doctorate, Doctor Honoris Causa, Carlos Cavallé Will Mitchell by Grenoble School of Management, France, in May 2011. Bala Chakravarthy David Norburn Alfred Chandler* Margaret Peteraf On the following page is a listing of the current roster of Fellows. Derek Channon* Andrew Pettigrew It is a precept of the Fellows that once elected, a member will be Karel Cool Michael Porter Marvin Lieberman forever listed as a Fellow. For more information about the SMS Arnold Cooper C K Prahalad* Fellows, please visit fellows.strategicmanagement.net. Yves Doz Richard Rumelt Irene Duhaime Dan Schendel Kathleen Eisenhardt Harbir Singh Carlos Cavalle Pankaj Ghemawat Ken Smith** Dean Sumantra Ghoshal* George Stalk Jr. Vijay Govindarajan John Stopford Rita McGrath Ranjay Gulati** David Teece** Deputy Dean Anil Gupta** Howard Thomas William Guth Sidney Winter Marjorie Lyles Donald Hambrick Edward Zajac Gary Hamel Constance Helfat Bruce Henderson* * In Memoriam Michael Hitt ** Elected but not inducted For more information on the SMS Fellows, please Robert Hoskisson visit fellows.strategicmanagement.net.

summer 2011 | 10 SMS Special Conference in Rio de Janeiro

Bill Newburry and Ronaldo Parente—‘Rio de Janerio…Cidade Maravilhosa!’ The Strategic Management Society joined forces with the local cariocas in the ‘Wonderful City’ of Rio de Janeiro, Brazil, March 11-13, 2011, for the latest SMS special conference. With the theme ‘Latin America’s Burgeoning Role in Global Development,’ the special conference focused on the role of Latin American

William Newburry multinationals in the emerging world economy. The conference Florida International University immediately followed Brazil’s Carnaval and brought emerging market scholars from different parts of the world together with business executives and government officials. The event took place in two exciting and exotic locations in Rio de One of the conference goals was to create a scholarly forum for Janeiro. The pre-conference doctoral and paper development workshops the study of Latin American companies, industries, trade, and and the first day of the main conference were held at Pontifícia investment. Despite the increasing importance of the Latin American Universidade Católica (PUC-Rio), located in the heart of a rainforest in region and its distinctive development process, the strategic the Gavea area of Rio. Feedback from conference participants on this management literature can provide limited recommendations to location was very positive. The second day of the main conference was managers in this region due to the lack of Latin America-focused held in the Windsor Atlântica Hotel on famous Copacabana Beach. Ronaldo Parente research. In line with this goal, we were delighted to showcase 87 While it was probably tempting for participants to head to the beach Rutgers University presentations from leading researchers from 22 countries across (they could literally see the beach just feet away from several conference the world. The conference had more than 150 participants–97 from rooms), the high session attendance was strong evidence that everyone seven Latin America countries, 38 from the U.S. and Canada, 18 was committed to the success of the program. from Europe, three from Australia, and two from India. The SMS Some of the highlights of the conference were: hopes the conference will serve to encourage research collaboration • Excellent pre-conference sessions which aided doctoral between Latin American scholars and scholars from other regions students and faculty in developing their research of the world, and we believe this diversified group of scholars will • Holding part of the conference on the beautiful PUC-Rio serve as a basis for achieving this goal. campus in the middle of the Mata Atlântica rainforest The success of the conference was truly the result of a team effort. • The interaction of conference attendees from all over Latin Angela de la Rocha While it would be impossible to list everyone here, we had fantastic America with SMS members from Europe, Asia, and North PUC-Rio support from the SMS central office staff, our local co-chairs Angela America de la Rocha and Jorge da Silva, our country coordinators, our • Exceptional plenaries with significant practitioner participation advisory board members, the staff at PUC, our local arrangements from organizations such as Petrobras, Embraer, and BNDES company SKL, the pre-conference session organizers, the plenary (Brazilian Development Bank) and panel session organizers, reviewers, and the conference awards • The plenary address by SMS President Jay Barney, who committee. We also appreciated the support of SMS President-Elect presented almost immediately after arriving in Rio de Janeiro Bob Hoskisson, SMS Board Member Steve Floyd, and SMS Executive • Emphasis on both EMNCs from Latin America and other Director Niko Pelka, all three of whom guided us through the Emerging Markets process of getting the conference formally approved. Additionally, • The Gala Dinner at the famous Porcão Rios restaurant with a Jorge da Silva we would like to thank the conference sponsors: CNPq, CAPES, show from the Brazilian Carnaval Samba School PUC-Rio FAPERJ, FGV-Ebape, Rutgers University, and Florida International • Dancing and Brazilian popular music at the famous Rio University, whose generous support enabled such a successful Scenario nightclub in the historic Lapa area event. A big obrigado (thank you) to everyone!

For more information about the Rio Conference, please visit rio.strategicmanagement.net.

SMS NEWSLETTER | 11 SMS Special conference in san diego

Karen Schnatterly, Bob Hoskisson, and MB Sarkar, Co- Chairs— We were delighted to host an SMS Special Conference to honor and extend Professor CK Prahalad’s work this past June in San Diego. The collective ability of many dedicated and passionate minds who gathered to reflect on CK’s contributions to the scholarship and practice of strategic management was impressive, as was the expressed interest in taking them forward. It was truly a multinational initiative (as Gary Hamel commented) and reflective Karen Schnatterly University of Missouri of CK’s global footprint, as it witnessed the active participation of representatives from 22 countries. In summary, the Conference hit just the right note: a heady mix of ideas, emotions, wisdom, and experimentation, all united in the effort of ‘paying it forward.’ The Special Conference included three plenaries that covered CK’s work on the Multinational Firm (with Jose Santos and Jan thoughtful and touching reflections about CK, his work, and his Oosterveld), The Base of the Pyramid (with Stu Hart, Ted London, and approach to work and life. Venkatesh Valluri), and Core Competence/Competing for the Future (with Gary Hamel). A fourth plenary focused on CK’s work with On behalf of the SMS, the organizing team, and the Prahalad family, global organizations championing environmental sustainability and we would like to again thank all participants, reviewers, panel entrepreneurship (with the founders and leaders of the Corporate and plenary speakers, the advisory committee, and the conference Robert Hoskisson sponsors. Rice University Eco-Forum and The IndUS Entrepreneur). The formal plenary sessions were followed by informal interaction between interested participants We also want to take this opportunity to let you know we and speakers, allowing a more in-depth conversation. Given the appreciate having you as a member of the SMS. Your support of this feedback we received, this was greatly appreciated by all. organization makes events like this one possible. The Conference also included a panel of six business school deans, We hope to see you in Miami later this year and at future SMS who spoke about how their schools are addressing Base of the annual and special conferences. Pyramid issues and social entrepreneurship, as well as training the managers and scholars of tomorrow. The competitive portion of the program featured papers presented in both common ground and paper sessions. The Best Paper Award MB Sarkar and honorable mentions rounded out a very successful Conference Temple University which managed to integrate both scholarship and practice, as CK would have liked. Following a moving and dignified address during which she reflected on CK’s influence, his wife, Gayatri Prahalad, presented For more information about the CK Prahald the Conference awards. Earlier, his son, Murali Prahalad, opened Conference, please visit the Conference with a philosophical and inspirational speech, ck.strategicmanagement.net. while daughter Deepa Prahalad helped close the conference with

summer 2011 | 12 welcome from the program chairs

Dear Friends and Colleagues, (EDHEC Business School) and Jackson Nickerson (Washington University, St. Louis), who will comment from the perspective of In November, it will be our great pleasure to welcome you to financial institutions and corporate strategy, respectively. At the Miami, one of the most global cities in the world, and particularly conclusion of this session, SMS President Jay Barney will present to Miami’s beautiful South Beach. Our theme for the annual Romano Prodi with the SMS Lifetime Achievement Award for his conference Strategies for a Multi-Polar World will be reflected leadership as an academic, industrialist, and statesman. in four specific tracks, as well as in the content of a number of Program Chair Jose de la Torre plenary and showcase panel sessions that will tackle the challenges Two other plenary sessions will bring in top-level CEOs to present Florida International University of strategy research and teaching within the context of this major their companies’ strategic dilemmas in the face of this global transformation taking place in the world economy. transformation. The session on Monday evening will deal with The New Global Competitors: Global Expansion of Emerging In addition, the heads of all 10 Special Interest Groups have done a Market MNCs and include Gilberto Neves, president and fabulous job in designing an exciting pre-conference program, as well CEO of Odebrecht USA, the largest Brazilian construction and as in structuring their sessions with our general theme in mind. This engineering company with operations that span the globe; effort has resulted in a fabulous set of panels and discussion sessions Jaithirth (Jerry) Rao, founder and former CEO of MphasiS Corp. on Saturday and Sunday, plus more than 150 sessions of paper (one of the leading international IT services companies operating presentations, common ground sessions, and panel discussions during out of Bangalore, India), executive chairman of Value and Budget the main conference Monday through Wednesday. Associate Program Chair Housing Corporation, and Chairman of the NASSCOM Foundation; Aya Chacar We will kick off the conference with an opening plenary panel Florida International University and Enrique Zambrano, CEO of Proeza S.A., a large diversified discussion on the themes of the conference. It includes some of the Mexican multinational firm with operations in the automotive, leading thinkers on these subjects: Yves Doz (INSEAD), Pankaj agribusiness, and telecommunications industries and a presence in Ghemawat (IESE Business School), David Teece (University of many major markets in the Americas, Europe, and Asia. California, Berkeley), Eleanor Westney (York University), and The Tuesday morning plenary session will address Tapping the Srilata Zaheer (University of Minnesota). They will tackle the Potential of Emerging Markets: Reverse Innovation and issues of the role of institutions in global competition and the Strategic Approaches. Moderated by Vijay Govindarajan shift in orientation from traditional to emerging markets by major (Dartmouth University), it includes Omar Ishrak, newly appointed corporations and lay the groundwork for the discussions that will CEO of Medtronics Corp. (a leading global producer of medical take place in many sessions over the next three days. devices) and former CEO of GE Healthcare (where he oversaw On Monday, we will hear from Romano Prodi, former president of that company’s innovative product development strategy for and the European Union, prime minister of Italy, and a professor at the from emerging markets); Sachin Lawande, CTO and co-president University of Bologna (Italy), Brown University, and Nankai University of the Automotive Division of Harman International, a leading (China). He will discuss the role of Institutions, Governance, global producer of high-end audio and video components for the and Performance in a Multi-Polar World. His address to our automotive industry; and Monica Luechtefeld, executive VP and membership will be followed by Florencio Lopez de Silanes head of global e-commerce for Office Depot, who has spearheaded

SMS NEWSLETTER | 13 2011 SMS Annual International Conference Miami november 6–9, 2011

their expansion into markets in South America, India, and China.On (University of South Carolina), and Jordan Siegel (Harvard SMS 31st Annual International Tuesday afternoon, Richard Rumelt will lead a discussion in our Business School). CONFERENCE last plenary of the ideas proposed in his new book—Good and Bad • A debate on Serving the Bottom of the Pyramid: Dealing Strategies—with the participation and commentary of Jay Barney with the Execution Challenge that goes beyond the usual (Ohio State University), Modesto Maidique (Florida International lip service on serving the world’s poor to discussing what it University), Costas Markides (London Business School), and takes to succeed. This discussion includes Bala Chakravarthy Margie Peteraf (Dartmouth University). This session promises to November 6-9, 2011 (IMD), Carlos Garcia, president of Novartis Pharmaceuticals for deliver some controversial ideas on the value of strategic thinking Latin America, and Stuart Hart (Cornell University). and effective implementation. MIAMI On the social side, we will include an opening reception that In addition to these plenary sessions, we will offer a number of will take place poolside at the beautiful Loews Hotel on Miami fascinating showcase panels that bring together leading thinkers Beach, on Sunday evening. A spectacular gala dinner will take place from our field and senior practitioners on a series of critical and Monday evening at the newly opened New World Symphony timely topics. They include: Performance Center, designed by famous architect Frank Gehry, • A panel on The Global World and How Business Schools and will include performances by several of the resident musicians. Need to Address It, led by our teaching track chair, Paul A cocktail reception at the Loews patio will close out the social Friga (University of North Carolina, Chapel Hill), and including agenda on Tuesday evening. Bob Bruner, dean of the Darden School at the University of Don’t forget to check out the four extension programs being Virginia and Pankaj Ghemawat (IESE Business School), both offered by local universities (University of Florida, Florida Atlantic of whom participated in the recent AACSB study of global University, University of Miami, and Florida International University) business education. that will take place either just before or immediately following • Presentations by some of the leading social entrepreneurship the main conference. These one-day sessions, each with a specific thinkers in the world on Social Responsibility and theme, offer our members an opportunity to delve deeper on a Entrepreneurship moderated by Bruce Kogut, director of subject of main concern to the academy and related to the theme of the Bernstein Center on Ethics at Columbia University, and the conference. including Antony Bugg-Levine, managing director of the Finally, our location in the middle of Miami Beach offers easy access Rockefeller Foundation, Pamela Hartigan, director of the to a multitude of restaurants, shops, entertainment venues, and Skoll Center at Oxford University, and Diane Wells, president other attractive sites and locations that will make your visit to this of Ashoka, a global social entrepreneurship organization. year’s conference city memorable. We look forward to seeing all of • A panel on From Cooperation and Competition to you in Miami. Coopetition Strategy moderated by Bob Hoskisson Sincerely, (Rice University) and including Giovanni Battista Dagnino (University of Catania), Walter Ferrier (University of Jose de la Torre Kentucky), Devi Gnyawali (Virginia Tech University), and Luis Aya Chacar Mezquita (Arizona State University). • A discussion on Country Distance: What Is It and Does It For more information about the 2011 Matter? led by Aya Chacar (Florida International University) SMS Conference in Miami, please visit and including the participation of Bjorn Ambos (WU Vienna), miami.strategicmanagement.net. Bruce Kogut (Columbia University), Tatiana Kostova

summer 2011 | 14 2011 SMS Annual International Conference Miami

conference at a glance

Sunday, November 6, 2011 Tuesday, November 8, 2011 09:30-10:45 Interest Group Sessions I 08:00-09:15 Parallel Paper/Common Ground/ 11:15 – 12:30 Interest Group Sessions II Panel Sessions 12:30-13:45 Luncheon 09:30-10:45 Plenary IV 13:45-15:00 Interest Group Sessions III 11:15-12:30 Parallel Paper/Common Ground/ 15:15-16:15 IG Business Meetings Panel Sessions 16:45-17:00 Program Chair Welcome 12:30-14:15 Awards Luncheon 17:00-18:30 Plenary I 14:15-15:30 Parallel Paper/Common Ground/ 18:45-19:30 SMS Business Meeting Panel Sessions 19:00-21:00 Opening Reception 16:00-17:15 Parallel Paper/Common Ground/ Panel Sessions Monday, November 7, 2011 17:30-18:45 Showcase Plenaries 08:00-09:15 Parallel Paper/Common Ground/ 19:00-20:00 Cocktail Reception Panel Sessions 09:30-10:30 Plenary II Wednesday, November 9, 2011 11:00-12:15 Parallel Paper/Common Ground/ 08:00-09:15 Parallel Paper/Common Ground/ Panel Sessions Panel Sessions 12:15-13:30 Luncheon 09:45-11:00 Parallel Paper/Common Ground/ 13:30-14:45 Parallel Paper/Common Ground/ Panel Sessions Panel Sessions 15:15-16:30 Parallel Paper/Common Ground/ Panel Sessions 16:45-18:00 Plenary III 18:30-22:00 Monday Night Event

monday night event The New World Center blends into the white stucco sea of Miami buildings, but the building is anything but common. Designed by Pritzker Prize- winning architect Frank Gehry, the New World Centre is home to the New World Symphony and America’s Orchestral Academy. It is situated next to the SoundScape Park, with its curving paths and sculptures that melt into each other; the park provides a wonderful balance to Gehry’s expressive architecture. Join us for our Monday Night Event at the New World Center, Monday November 7, 2011!

SMS NEWSLETTER | 15 miami extensions

We have four one-day workshops planned around the 2011 Annual Conference. Each extension is held in partnership with a local university. These extensions are aimed at furthering the Conference theme of “Strategies for a Multi-Polar World: National Institutions and Global Competition” by expanding on specific topics in smaller workshop-style settings.

Extension 1: Miami Extension 3: Coral Gables Location: Florida International University Location: University of Miami – Coral Gables Date: Friday, November 4, 2011 Date: Wednesday, November 9, 2011 Theme: Embracing International Business? Theme: Co-opetition, Co-evolution, and Global Strategy A Dialogue with Strategy Organizers: Yadong Luo, Haresh Gurnani, and Joseph Ganitsky Organizers: Aya Chacar, Sumit Kundu and Bill Newburry Highlights: A Panel Session with global scholars to discuss Highlights: 3 Panel Sessions and 2 Paper Presentations with co-opetition and co-evolution in the field of distinguished scholars in the fields of strategy and global strategy. international business. Click here for more information on the Panelists and Click here for more information on the Panelists and Workshop Program Workshop Program

Extension 2: Fort Lauderdale Extension 4: Boca Raton Location: University of Florida – Sunrise Location: Florida Atlantic University Date: Saturday, November 5, 2011 Date: Thursday, November 10, 2011 Theme: Resource Acquisition, Development, Deployment, Theme: Research and Teaching in Emerging Markets and Redeployment Organizer: Hemant Merchant Organizers: Gwendolyn Lee and Marvin Lieberman Highlights: 2 Panel Sessions on Research and Pedagogy Highlights: 3 Panel Sessions on Resource Acquisition, with mini-presentations followed by interactive Resource Development/Deployment, and Resource discussions with the audience. Redeployment. Click here for more information on the Panelists and Click here for more information on the Panelists and Workshop Program Workshop Program

For more information about the 2011 SMS Conference in Miami, please visit miami. strategicmanagement.net/extensions.php.

summer 2011 | 16 SMS Special conference in singapore June 7–9, 2012

Russ Coff, Andreas Raharso, and Gabriel Szulanski, Co-Chairs — Mark your calendars! Planning for the Singapore special conference (June 7-9, 2012) is taking shape, and we hope you are as excited about this opportunity as we are. The submission deadline (November 30) is around the corner, so start planning now (proposals are five to seven pages in length). Conference Theme

Russ Coff The conference theme, ‘Globalization of Innovation Strategies,’ will highlight the transformation University of Wisconsin of innovation in a global economy. Three strong subthemes will help us cover critical ground on the topic: • Process: Innovation processes within firms. Why are some firms ‘hotbeds’ of innovation? How does corporate culture and structure impede or promote innovation? Do firms in different parts of the world achieve innovative outcomes using different processes? How do firms balance the costs and benefits of innovative capabilities? • Place: How location, geography, and institutions shape innovation. What drives the formation of innovative clusters? How do the Asian cultures and institutional environments affect innovation? How well does innovation research in Western contexts generalize to Asian firms and countries? How do public policies and state-firm relationship promote or hinder the formation of innovative clusters? Andreas Raharso • People: Assembling resources and capabilities for innovation. How do some firms assemble superior human capital and other key Hay Group Global Research resources to support innovation? How does the uneven distribution of resources shape innovatory efforts? How do firms span regions Centre for Strategy to access human capital in ways that generate creativity and innovation? How can organizations stay young in terms of innovation even as they mature in other ways? Why Singapore is the Ideal Location The unique location will allow us to explore how these issues play out in Singapore and nearby Asian countries that have been hotbeds of innovative activity. Innovation and start-ups have often been associated with places like Silicon Valley, with multiple internationally successful juggernauts emerging from this region in the United States. However, a recent Boston Consulting Group survey reports a shift in emphasis to Asia. Asian countries such as Singapore and South Korea have topped the results with the most pro-innovation government policies and corporate performances, beating countries with strong innovation traditions. A tiny island nation with a population of 5 million, Singapore aims to be the focal point of innovation in Asia and, therefore, is the right place to meet. We will take advantage of this location by highlighting local innovative clusters and the drivers that make them unique. We are in the Gabriel Szulanski process of setting up panels from industry and government, as well as academia, to explore the richness of this setting. INSEAD So start planning now. We look forward to reading your submissions in November and seeing you next June!

For more information about the Singapore Conference, please visit singapore.strategicmanagement.net.

SMS NEWSLETTER | 17 2012 SMS Annual International Conference Prague october 7–9, 2012

Please join us for the 32nd Annual International Conference in Prague, with the theme ‘Strategy in Transition.’ Program Co-Chairs SMS 32nd ANNUAL Björn Ambos, Igor Filatotchev, and Ondrej Landa are looking INTERNATIONAL CONFERENCE forward to designing an interesting and engaging conference that will be held in the magical city of Prague. PRAGUE October 7–9, 2012 This conference will focus on new concepts and theories in strategy research, as well as new methodologies that are based on Björn Ambos multilevel research. This focus has been prompted by the upsurge Vienna University of in emerging markets around the world, which has resulted in Economics and Business profound transitional shifts in political, economic, and institutional systems. On the sectoral and industry levels, events such as the recent financial crises or ecological disasters are forcing government bodies around the world to reassess their structural policies and introduce new types and forms of regulation. Firms in all countries are competing to cope with these rapidly changing conditions and become more sustainable in the long term, which require unprecedented levels of innovation. important dates and deadlines As in previous conferences, plenary sessions featuring academics, Igor Filatotchev business practitioners, and consultants will be devoted to these City University London topics. In addition, conference theme track chairs and interest group February 23, 2012 track chairs will be developing exciting common ground and paper Submission Deadline for Proposals sessions, as well as pre-conference activities to foster the exchange of ideas. March 1, 2012 Co-Author Confirmation Deadline

For more information about the 2012 Mid-April, 2012 SMS Conference in Prague, please visit Notifications of Review Program Committee prague.strategicmanagement.net. Decisions

Ondrej Landa May 14, 2012 Czech Society for Strategic Presenter Registration Deadline Management, Innovation & Entrepreneurship Mid-July 2012 Conference Program Available Online

October 7-9, 2012 SMS 32nd Annual International Conference: Strategy in Transition

summer 2011 | 18 SMS Special Conference in Guangzhou, China December 14–16, 2012

Yan Anthea Zhang—The Strategic Management Society (SMS) is pleased to announce a special conference in Guangzhou, China, Dec. 14-16, 2012. This conference will bring strategy, management, and business scholars from China together with their global counterparts to co-learn and co-develop winning strategies, emerging theories, research methods, and policy suggestions on how firms—local or foreign—can better compete and cooperate in China, as well as in global markets. Yan Anthea Zhang China’s rise is perhaps the most significant economic transformation of our time. Many Rice University companies from China are relentlessly scaling the value chain in pursuit of growing roles on the world stage. They increasingly contest developed market leaders, gain market share, create new benchmarks for best practices, and even create new business models. Clearly, there is growing recognition of the necessity for developing new perspectives on strategy and management—perspectives of expansive geographic, temporal, and ideological scope. To cope with China’s shifting competitive and regulatory environment, a large number of foreign and multinational corporations entering and operating in the country have significantly changed their dominant strategies over the past two decades. The new strategies have resulted in a status shift such that these companies are no longer merely ‘foreign investors;’ they have become ‘strategic insiders’ who view their large-scale China operations as key to their overall corporate success. In sum, China represents a Jeff Reuer shifting and complex territory for foreign businesses and a seemingly endless learning challenge for academics and practitioners alike. Purdue University This conference seeks to create a scholarly forum for the study of a multitude of broadly defined strategic management issues for a multitude of business types (local or foreign, large or small, established or start-up, private or state owned, family or corporate governed) competing and cooperating in China. It aims not only to unveil winning strategies in competition (build and upgrade competitive advantages through innovation, efficiency, quality, and customer responsiveness) and cooperation (forge and manage alliances, joint ventures, networks, and partnerships in China), but also identify what is good for China. For example, how can Chinese firms establish their competitive or cooperative advantages in both Chinese and overseas markets? How can foreign firms help enhance technological, infrastructural, and market developments of the local society through competition and cooperation? How can Chinese firms reorganize, restructure, upgrade, and transcend in an epoch of globalization? This conference will be held in Guangzhou, China. Guangzhou is the main manufacturing hub of the Pearl River Delta, one of mainland China’s leading commercial and manufacturing regions. Having sustained an average annual rate of economic growth of 14 percent, it is little surprise that Guangzhou is the commercial base to thousands of multinational and domestic enterprises. The Guangdong province’s Shujun Zhang GDP is roughly the equivalent of Turkey’s or Indonesia’s GDP. We are confident that Guangzhou will be an ideal location for Western scholars Sun Yat-Sen University to get first-hand knowledge on the ‘China Model’—how it is shaping, and is being shaped by, the world economy. We will assemble panels from industry, government, and academia to explore the uniqueness and richness of this location. We hope you will join us. The submission deadline is June 1, 2012. We look forward to reading your submissions (proposals are five to seven pages in length).

For more information about the SMS Conference in China, please visit china.strategicmanagement.net.

SMS NEWSLETTER | 19 SMS Executive Office Rice Building, Suite 215 815 W Van Buren Street Chicago IL 60607-3567 USA Phone +1 312 492 6224 [email protected] Fax +1 312 492 6223 www.strategicmanagement.net

SMS BOARD AND IG LEADERSHIP LISTING

SMS BOARD 2011 IG LEADERSHIP

EXECUTIVE COMMITTEE COMPETITIVE STRATEGY STRATEGY PROCESS Jay Barney, President Michael Leiblein, Ohio State University Bill Wooldridge, University of Massachusetts- Joan E Ricart, Past President Govert Vroom, IESE Business School Amherst Robert Hoskisson, President-Elect Glenn Hoetker, Arizona State University Cathy Maritan, Syracuse University Steven Floyd, Treasurer REPS AT LARGE: Tomi Laamanen, Aalto University Nikolaus Pelka, Executive Director Aya Chacar, Florida International University REPS AT LARGE: Donald Hatfield, Virginia Tech DIRECTORS Bruce Lamont, Florida State University Thomas Moliterno, University of South Carolina Chet Miller, University of Houston Irene Duhaime, 2009–2012 Asli Arikan, Georgia State University Patrick Regner, Stockholm School of Economics Javier Gimeno, 2009–2012 Todd Alessandri, Northeastern University Pamela Barr, Georgia State University Marjorie Lyles, 2009–2012 Douglas Miller, University of Illinois-Urbana Christopher Bingham, University of North Africa Ariño, 2011–2013 Champaign Carolina-Chapel Hill Robert Burgelman, 2011–2013 Xavier Castaner, University of Lausanne Margaret Peteraf, 2011–2013 CORPORATE STRATEGY Robert Wiseman, Michigan State University PRACTICE OF STRATEGY Gerry Sanders, Rice University Sotirios Paroutis, University of Warwick Parthiban David, American University Robert Wright, Hong Kong Polytechnic University REPS AT LARGE: Timo Santalainen, Aalto University Yasemin Kor, University of South Carolina REPS AT LARGE: Todd Zenger, Washington University-St. Louis Thomas Lawton, EM LYON Business School Yan Zhang, Rice University Hanna Lehtimaki, University of Tampere A PROFESSIONAL SOCIETY FOR THE Cynthia Devers, Tulane University John Pearce, Villanova University ADVANCEMENT OF STRATEGIC MANAGEMENT Guoli Chen, INSEAD James Faulkner, Booz Allen Hamilton William Judge, Old Dominion University Wolfgang Guettel, Johannes Kepler University GLOBAL STRATEGY of Linz Markus Nordberg, CERN The Strategic Management Society (SMS) is unique in Anil Gupta, INSEAD bringing together the worlds of reflective practice and Charles Dhanaraj, Indiana University ENTREPRENEURSHIP AND STRATEGY thoughtful scholarship. The Society consists of nearly Timothy Devinney, University of Technology- MB Sarkar, Temple University Sydney Christoph Zott, IESE Business School 3,000 members representing over 80 different countries. REPS AT LARGE: Christopher Tucci, Swiss Federal Institute of Membership, composed of academics, business practitioners, Ram Mudambi, Temple University Technology-Lausanne and consultants, focuses its attention on the development Torben Pedersen, Copenhagen Business School REPS AT LARGE: and dissemination of insights on the strategic management Annique Un, University of South Carolina Garry Bruton, Texas Christian University Ulf Andersson, Copenhagen Business School Gary Dushnitsky, London Business School process, as well as fostering contacts and interchange around Sumit Kundu, Florida International University David Sirmon, Texas A&M University the world. Jim Robins, WU Vienna Rafeal Corredoira, University of Maryland KNOWLEDGE & INNOVATION Thomas Keil, Aalto University The Society is probably best known through the Strategic Pinar Ozcan, University of Navarra Sharon Matusik, University of Colorado-Boulder Management Journal (SMJ) published by John Wiley & Mary-Anne Williams, University of Technology- STRATEGIC HUMAN CAPITAL Sons. This Class A journal has become the leading scholarly Sydney Russ Coff, University of Wisconsin publication in the field of Strategic Management and Gabriel Szulanski, INSEAD Dave Lepak, Rutgers University REPS AT LARGE: Bill Hesterly, University of Utah is consistently rated one of the top publications in the Teppo Felin, Brigham Young University STAKEHOLDER STRATEGY management area. In 2007 the Society launched the Peter Lane, University of New Hampshire Edward Freeman, University of Virginia Carmen Weigelt, Tulane University Strategic Entrepreneurship Journal (SEJ) and in 2010 the Maurizio Zollo, Bocconi University Susan Cohen, University of Pittsburgh Global Strategy Journal (GSJ). The intent is for these new Jeffrey Harrison, University of Richmond Michael Jacobides, London Business School quarterly publications to soon also become Class A journals Anne Parmigiani, University of Oregon and to promote the development and dissemination of advances in the field by maintaining the highest standards of intellectual thought combined with practical relevance, just as their sister publication SMJ has done for many years. Interested? Visit www.strategicmanagement.net